Nephila Capital news

Reinsurance, catastrophe and weather risk-linked investment fund manager Nephila Capital will add a new source of risk from the U.S. eastern seaboard, as its managing general agency (MGA), Velocity Risk Underwriters LLC has expanded into North Carolina and New York.

Leading ILS fund manager Nephila Capital has participated in Series B funding and signed up to use predictive data and climate risk analytics tools offered by Jupiter, a technology company focused on helping users better understand and manage climate-related risk.

Markel Corporation is “incredibly optimistic” about the potential for its insurance-linked securities (ILS) business to drive growth and profits for the firm.

Nephila Climate, the weather, climate risk and reinsurance focused unit of insurance-linked fund manager Nephila Capital, has entered into three wind power proxy revenue swap transaction to facilitate the financing of an acquisition and re-powering of a wind power portfolio.

Markel Corporation earned an impressive $25.3 million of operating revenues from its insurance-linked securities (ILS) manager Nephila Capital in 2018, despite only having acquired the firm in mid-November.

Nephila Capital, the largest investment fund manager of insurance-linked securities (ILS) and reinsurance linked assets, has been reapproved as a sub-advisor for a multi-strategy fund by asset management giant Blackstone.

Markel Corporation saw operating revenues earned from its ILS investment management operations rise sharply in 2018, coming in at $92 million for the year compared to $29 million in the prior year.

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund manager Nephila Capital, has provided capacity to back another proxy revenue swap for a wind farm project, again alongside Allianz Risk Transfer.

Insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has again collaborated with insurer Allianz and broker ReSurety to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project.

The acquisition of the world’s largest insurance-linked securities (ILS) and reinsurance linked investment fund manager Nephila has now been completed by Markel Corporation, positioning Markel itself as now the largest manager of third-party reinsurance capital.